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Business Developments & Projects

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Illustration; Credit: Morten Berentsen/Equinor
Business Developments & Projects

Norway’s oil & gas production beats forecasts

Norway recorded a slight rise in oil and gas production in March 2023 compared to the Norwegian Offshore Directorate’s predictions.

about 2 years ago
Balmoral - Hornsea 3
Business Developments & Projects

Ørsted selects Balmoral to shield Hornsea 3 cables

Balmoral Comtec, a Balmoral Group company, has been awarded a multi-billion-pound contract for the supply of cable protection systems for Ørsted’s Hornsea 3 offshore wind farm in the UK. The scope of work includes design engineering which will take place at Balmoral Comtec’s Aberdeen facility, suppl

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about 2 years ago
Greece and Saudi Arabia to launch studies for potential electricity interconnector
Business Developments & Projects

Greece and Saudi Arabia to launch studies for potential electricity interconnector

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries. The launch of the technical and econ

about 2 years ago
Sonalika and Sarovar tugs; Source: Indian Register of Shipping
Business Developments & Projects

Indian yard launches vessel duo destined for work at offshore oil fields

Ship classification society Indian Register of Shipping (IRS) has confirmed the launch of two vessels at the San Marine yard in Kakinada.

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business Developments & Projects

Equinor gets more info on oil discovery to gauge development option

Equinor has wrapped up drilling activities at an appraisal well in the Barents Sea off the coast of Norway with one of Odfjell Drilling’s rigs.

about 2 years ago
Thylacine platform in the Otway Basin; Source: Beach Energy
Business Developments & Projects

More drilling ops on Beach Energy’s agenda offshore Australia

Beach Energy has handed over an environment plan (EP) to Australia’s offshore regulator, entailing drilling activities.

about 2 years ago
Multi-million dollar win for US player with 'major energy company'
Business Developments & Projects

Multi-million dollar win for US firm with ‘major energy company’

Houston-based subsea energy equipment and services specialist Koil Energy Solutions, formerly known as Deep Down, has secured a multi-million dollar contract with what it says is a “major international energy company”. Koil Energy Solutions will deliver engineering, procurement, manufacturing, insta

about 2 years ago
Illustration; Source: Chevron
Business Developments & Projects

Chevron going in pursuit of more gas by upping the drilling ante offshore Australia

Chevron has submitted another environment plan (EP) to the country’s offshore regulator for drilling operations off the coast of Australia.

about 2 years ago
Plug Power’s hydrogen buildout reaches new heights
Business Developments & Projects

Plug Power’s hydrogen buildout reaches new heights

U.S. Plug Power has reached nameplate capacity at hydrogen plants in Georgia and Tennessee, marking a milestone for the company’s hydrogen network.

about 2 years ago
Valaris DS-9 drillship; Source: Valaris
Business Developments & Projects

New rig deals lift Valaris’ contract backlog to $4 billion

Valaris has expanded its contract backlog, thanks to a series of new contract awards and extensions with multiple oil and gas companies.

about 2 years ago
Danish wave energy firm launches crowdfunding campaign, aims to raise up to €1.5M
Business Developments & Projects

Danish wave energy firm launches crowdfunding campaign, aims to raise up to €1.5M

Danish company Wavepiston has launched a crowdfunding campaign with the ambition of raising up to €1.5 million that will be used for its wave energy technology. The €1.5 million expected to be raised in 2024 will be instrumental in further demonstrating and commercializing the wave energy technology

about 2 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Business Developments & Projects

Start-up of three LNG projects paving the way for rise in US natural gas trade

A further growth in natural gas trade is expected thanks to three new LNG export projects, which are slated to come online by the end of next year.

about 2 years ago
Japanese firm nets batteries order for large-scale hydrogen project
Business Developments & Projects

Japanese firm nets batteries order for large-scale hydrogen project

NGK INSULATORS has received a NAS batteries order from BSES, a subsidiary of German BASF, for a large-scale green hydrogen production project, developed by German HH2E.

about 2 years ago
US oil & gas services provider scores $10 million worth of contracts
Business Developments & Projects

US oil & gas solutions provider scores $10 million in new contracts

Ocean Edge Services (OES), a U.S.-based service company that provides flexible offshore and onshore solutions to the oil & gas industry, has secured new project awards totaling over $10 million. The batch of the new contracts is for production hydraulic power units (HPUs), subsea distribution equipm

about 2 years ago